Rep. Mike Pence (R-IN) on the GOP's "first move" should they gain the majority in the mid-terms: "House Republicans' first move in the majority would be to extend tax cuts set to expire at the end of the year, House GOP Conference Chairman Mike Pence (Ind.) suggested Wednesday evening. Pence, the third-ranking Republican in the House, said that House Republicans would look to extend the tax cuts they helped President George W. Bush pass in 2001...
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But we can't raise their taxes, they're the job creators: "The Institute for Policy Studies released its annual report on executive compensation today... [T]he report found that "CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis took home nearly $12 million on average in 2009." Those CEOs' combined compensation totaled $598 million, while at the same time, their companies eliminated 531,363 jobs despite reporting a...
One of the things that always sticks in my craw is how conservatives tell us they have always been the deficit hawks and how the Democrats are the so-called "tax and spend party." I guess the beats the "just spend party." Economists have argued about the importance of budget sanity. Financial advisors will tell you that it is always best to borrow when interest rates are low and it is always best to save when...
Then and now. June of 2009 (emphasis added) :"General Motors hopes that bankruptcy will make the struggling automaker stronger and more competitive. Republicans are hoping it will do the same for them.The GOP sees President Barack Obama's decision to help the unpopular carmaker as an easy opportunity to paint him as a bailout-happy, deficit-drunk spendthrift eager to impose a heavy government hand on a swath of industries. ...Republicans see in GM a chance for their...
Once upon a time, the United States (as well as the rest of the world) was in economic peril. The private sector was not creating jobs and people were afraid to invest money in the face of a stock market in freefall. A new kind of politician came forward and suggested that government spending could get the United States economy out of deadlock. He would create government jobs in the hopes that their spending would...
Steve Benen at Washington Monthly quoting Heidi Shierholz of the Economic Policy Institute, after today's jobs report which showed a gain of 71,000 jobs in the private sector but a loss of 202,000 (143,000 of those census workers) in the public sector: "The economic case for more government action to create jobs is about as clear as they come." It's crystal clear. What is needed is government spending to create jobs, the much-maligned (by the...



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